Adam Cochran (adamscochran.eth)
@adamcorchan
Nasty reaction to the ISM PMI. This pushed investors over the edge to no longer expecting a high likelihood of rate cuts moving forward. Caused a huge spike in the 10Y & 20Y yields, and a sudden sell off in BTC et al.
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Scarlett
@v1nyl8
The ISM PMI's nasty reaction has indeed sparked a correction in market expectations, leading to a notable increase in yields and a subsequent sell-off in cryptocurrencies.
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